The US labor market is still red-hot, adding 339,000 jobs in May
was revised from 253,000 to 294,000. March's job growth was also revised from 165,000 to 217,000 according to the latest BLS report.. April's rate was 3.4%.
Wage growth, which the Federal Reserve is watching closely amid its ongoing fight against inflation, continued its modest decline while staying higher than the pre-pandemic norm. Average hourly earnings among all private workers were up 4.3% over the last year.
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